From Hungary to Bulgaria, elections are promising change – but in different directions

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• 00:03

  Craft matters.

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  And in not-so-small ways, like how your money is cared for.

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  Which is why for 160 years, UBS has elevated banking to a craft.

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• 00:29

  UBS.

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  Banking is our craft.

• 00:38

  You're listening to The Globalist, first broadcast on the 20th of April 2026 on Monocle Radio.

• 00:43

  The Globalist, in association with UBS.

• 01:08

  This is The Globalist broadcasting to you live from Midori House in London.

• 01:12

  I'm Georgina Godwin.

• 01:14

  On the show ahead, the US says it 's intercepted and seized an Iranian ship

• 01:18

  trying to run its blockade in the Strait of Hormuz.

• 01:21

  Iran has called this piracy and threatened to retaliate.

• 01:25

  How dangerous is the escalation?

• 01:27

  We'll have coverage from the ground and analysis from London.

• 01:31

  Then.

• 01:35

  Could Bulgaria become the next problem for the EU?

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